OREANDA-NEWS. Vnesheconombank became the winner of the 18th Annual Report Competition in the category "Best Report on Corporate Social Responsibility and Sustainable Development". The competition was organized by Moscow Exchange and Stock Market Media Group.

VEB Group report for 2014 was prepared in accordance with the GRI (Global Reporting Initiative) Sustainability Reporting Guidelines. In 2015, VEB was one of the first Russian financial institutions that adopted a new revision of GRI's - G4 Guidelines. This allowed the Bank to ensure top quality of non-financial reporting that is in line with best practices of Russian and foreign companies, which are leaders in sustainable development.

VEB Group's report covers comprehensively Vnesheconombank's and VEB Group's performance in creating conditions for a long-term and sustainable growth of the Russian economy as well as for improving environmental situation and enhancing Russia people's quality of life. Top priority is given to introducing principles of responsible financing and forming up mechanisms for supporting energy efficiency projects in the Bank's credit and investment activity.

An Annual Report Competition of Moscow Exchange has been taking place since 1998 and proved itself as one of the most important IR events of the year in Russia. The Competition is designed to maintain high level of companies' openness and contribute to effective disclosure of information for investors and customers. The competition's winners are determined by a competent commission comprised of representatives of the Moscow Exchange Group, government authorities, professional communities, professional stock market players and independent experts.